JAKARTA, April 16 (Xinhua) -- Indonesia's foreign debts rose by 4 percent to 422.6 billion U.S. dollars in February 2021, higher than that in the previous month's 2.7 percent increase, the central bank, Bank Indonesia, announced on Friday.

"The increase stemmed from the foreign debts of the government and the central bank, and the private sector," said Head of the Communication Department of Bank Indonesia Erwin Haryono.

The government foreign debt was recorded at 209.2 billion U.S. dollars, the central bank external debt amounted to 2.9 billion U.S. dollars, and the private foreign debt reached 210.5 billion U.S. dollars.

The government foreign debt increased by 4.6 percent year-on-year and 2.8 percent month-to-month caused by the handling of impacts of the COVID-19 pandemic since last year as well as the programs on vaccination and social protection since the first quarter of 2021.

The private foreign debt increased by 3.4 percent year-on-year and 2.5 percent month-to-month, which was dominated by the long-term external debt of up to 78 percent.

As much as 77.3 percent of private foreign debt came from the financial services and insurance sector, the electricity, gas, steam/hot and cold air supply sector, the mining and quarrying sector, and the manufacturing sector.

Haryono emphasized that Indonesia's foreign debt structure, which is majority or 89 percent long-term scheme, remains healthy and under control.

The government will also optimize this figure for financing development activities and encouraging the national economic recovery. Enditem

Related

Go to Forum >>0 Comment(s)